Commercial Hard Money Loans Are Still Available

Commercial hard money loans are available, but they are definitely a different vintage from years past.

It used to be that if you had a large down payment (or a lot of equity) and nothing else you could finance commercial property with a commercial hard money loan.

Things have changed.

Property values have decreased - dramatically in some cases - and commercial mortgage defaults have skyrocketed and many hard money lenders will now typically require you to have 40% or more equity AND they will also require a lot of the same documentation a traditional commercial lender will need. You still pay the high rates and high fees, but if something isn't right about the transaction you can still get a loan.

The good news for those currently seeking a commercial hard money loan is that commercial property values have fallen so far that hard money lenders should feel better protected re: any equity put into a property at these levels.

Some lenders who had exited are also starting to come back to the market.

 

Please fill out a contact form and put "hard money" in the comments section if you need help finding a commercial hard money loan.

 

We are also offering business owners 10% down payment commercial loans and The Green Choice Loan™.